Published: 2026-04-27T13:17:40.000Z
Chart EUR/JPY Update: Immediate gains to remain limited
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Cautious trade is giving way to a drift higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 188.20~ | ** | May 1990 (y) high | S1 | 186.25 | * | 20 Apr (w) low | |
| R3 | 187.95/00 | * | 17 Apr YTD high; figure | S2 | 186.00 | * | congestion | |
| R2 | 187.60 | * | August 1990 high | S3 | 185.00 | ** | break level | |
| R1 | 187.35 | ** | 50% ret of 1979-2000 fall | S4 | 184.00 | * | congestion |
Asterisk denotes strength of level
14:10 BST - Cautious trade is giving way to a drift higher, as intraday studies rise, with prices currently pressuring 187.00. A break will open up strong resistance within the 187.35 Fibonacci retracement and the 187.60 high of August 1990. But negative daily readings should limit any tests in renewed selling interest. Broader weekly charts are rising. But a close above the 188.20~ multi-year high of May 1990 is needed to turn sentiment positive and confirm continuation of long-term gains. Meanwhile, support remains down to the 186.25 weekly low of 20 April and extends to congestion around 186.00. This range should underpin any immediate setbacks.